Satellite Solutions Wldwide Grp PLC Contract Win
April 04 2017 - 2:01AM
RNS Non-Regulatory
TIDMSAT
Satellite Solutions Wldwide Grp PLC
04 April 2017
Satellite Solutions Worldwide Group plc
("SSW" or the "Company")
Contract Win
Contract Win to Build a New Fixed Wireless Network in Norway
Satellite Solutions Worldwide Group plc (AIM: SAT), the global
communications company specialising in rural and last-mile
broadband, has won a c.GBP0.5m (NOK5.6m) Norwegian Government
contract to build a new fixed wireless network in the county of
Sør-Trøndelag over the next 15 months.
The network will deliver broadband up to 75Mb and will be
exclusively operated and maintained by SSW for the 10-year contract
period. The wireless network will offer a range of tariffs across
the municipalities of Agdenes, Bjugn,and Midtre-Gauldal in
Sør-Trøndelag, where hundreds of households are currently limited
to broadband speeds below 4Mb.
The network will be delivered by Breiband, SSW's wholly owned
subsidiary in Norway, which has extensive experience in this field
having constructed and maintained over 1,500 fixed wireless
broadband towers to date.
Andrew Walwyn, CEO at SSW said: "We are delighted to have won
this contract to use our state-of-the-art fixed wireless network
technology to deliver broadband speeds of up to 75Mb to homes
around the city of Trondheim. Our solution will connect these
households to uber-fast broadband speeds for the first time,
despite their distance from a major telephone exchange and the
challenging topography of the area.
"Norway has significant Government funding available for
investment in broadband infrastructure each year and we hope to
deliver uber-fast fixed wireless broadband to many more Norwegian
customers. In addition, we intend to utilise these fixed wireless
networks, as a complement to our satellite technologies, across
many other European territories in the future."
For further information:
Satellite Solutions Worldwide www.satellitesolutionsworldwide.com
Group PLC
Andrew Walwyn, Chief Executive Via Walbrook PR
Officer
Numis Securities (Nomad Tel: +44 (0)20 7260
and broker) 1000
Jamie Lillywhite / Simon
Willis (Corporate Advisory)
James Black / Jonathan Abbott
(Corporate Broking)
Walbrook PR (PR advisers) Tel: +44 (0)20 7933
8780
Paul Cornelius / Nick Rome or ssw@walbrookpr.com
About SSW
Established in 2008, SSW specialises in the provision of rural
and last mile broadband services with customers across 32
countries. SSW's solutions target B2C and B2B users, and the
Company has products developed specifically for the broadcasting,
Police and Military markets. SSW operates a number of brands such
as Europasat (Europe), Breiband (Nordics) and SkyMesh (Australia)
and is now the fourth largest independent provider of satellite
broadband internet services in the world.
The 2015 listing on the London Stock Exchange together with the
support from Business Growth Fund and investors in 2016 have put
the Company in an excellent position to continue strong organic
growth in its subscriber base and recurring revenues as well as
execute on preferred acquisitions. The Directors believe there is a
major opportunity to continue this organic growth and as
appropriate consider acquisitions throughout the fragmented
European satellite broadband market and further afield.
Working closely with satellite owners and operators, SSW targets
customers in the 'digital divide' with solutions that deliver up to
30 Mbps satellite based broadband services or fixed wireless to
almost any premises, whether residential, commercial or industrial
across Europe and Australia, irrespective of location or local
infrastructure.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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